Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If the price in dollars of a stereo system is given by p ( q ) = 1 2 6 0 0 q 2 +

If the price in dollars of a stereo system is given by p(q)=12600q2+1500, where q represents the demand for the product, find the marginal revenue when the demand is 30.
What is the formula for the revenue function?
A.R(q)=p'p
B.R(q)=p'q
c.R(q)=pq
D.R(q)=pq
The marginal revenue for the given demand is $
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Markets And Institutions

Authors: Frederic S. Mishkin, Stanley G. Eakin

7th Global Edition

0273754440, 9780273754442

More Books

Students also viewed these Finance questions

Question

=+a) Is this an observational or experimental study?

Answered: 1 week ago

Question

Identify global safety and health issues.

Answered: 1 week ago

Question

Discuss health care in the global environment.

Answered: 1 week ago